TriCo Bancshares Increases and Announces Quarterly Cash Dividend

Rhea-AI Summary

The Board of Directors of TriCo Bancshares (NASDAQ: TCBK) declared a quarterly cash dividend of $0.30 per share on August 25, 2022, marking a 20% increase from the previous dividend. This dividend is payable on September 23, 2022, to those on record as of September 9, 2022. Established in 1975, Tri Counties Bank, a subsidiary of TriCo Bancshares, offers a wide range of financial services across Northern and Central California.

Positive

• Dividend increased by $0.05 to $0.30, reflecting strong financial performance.
• Regular dividend payment indicates confidence in ongoing profitability and shareholder returns.

Negative

• None.

CHICO, Calif.--(BUSINESS WIRE)-- The Board of Directors of TriCo Bancshares (NASDAQ: TCBK) (the “Company”), parent company of Tri Counties Bank, declared a quarterly cash dividend of $0.30 (thirty cents) per share on its common stock, no par value on August 25, 2022. This represents a $0.05 or 20% increase to the previous quarterly dividend. The dividend is payable on September 23, 2022 to holders of record on September 9, 2022.

Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ: TCBK) headquartered in Chico, California, providing a unique brand of customer Service with Solutions available in traditional stand-alone and in-store bank branches in communities throughout Northern and Central California. Tri Counties Bank provides an extensive and competitive breadth of consumer, small business and commercial banking financial services, along with convenient around-the-clock ATM, online and mobile banking access. Brokerage services are provided by Tri Counties Advisors through affiliation with Raymond James Financial Services, Inc. Visit www.TriCountiesBank.com to learn more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220829005179/en/

Peter G. Wiese, EVP & CFO, (530) 898-0300

Source: TriCo Bancshares

FAQ

What is the new dividend amount for TriCo Bancshares (TCBK)?

The new quarterly cash dividend for TriCo Bancshares (TCBK) is $0.30 per share.

When will the dividend for TCBK be paid?

The dividend for TCBK will be paid on September 23, 2022.

What was the increase in the dividend amount for TriCo Bancshares?

The dividend amount was increased by $0.05, which is a 20% increase from the previous amount.

What is the record date for the dividend payment of TCBK?

The record date for the dividend payment of TCBK is September 9, 2022.